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Truck Rental in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Truck Rental in Canada Market Research Report | NAICS 53212CA | Nov 2015

Stuck in traffic: Revenue will temporarily decline due to persisting concerns of a housing bubble

IBISWorld’s Truck Rental market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 10-15
1.7%
Annual Growth 15-20
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Profit
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Employment
6,984
Businesses
1,193
Industry Analysis & Industry Trends

Although demand for truck rentals and leases waxed and waned, the industry received an overall net increase in demand over the five years to 2015. Increasing emissions and fuel-efficiency regulations are anticipated to drive demand from the commercial market moving forward. Regulation aimed at lowering emissions from long-haul tractor-trailers and large pickup trucks will require downstream customers to either purchase or lease new vehicles. IBISWorld expects that the majority of companies to lease trucks from industry operators as downstream fleet operators seek more predictability and flexibility in their cost structures... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Truck Rental industry has a low level of market share concentration, with the top four companies accounting for less than 31.9% of industry revenue. Over the past five years, market share has grown slightly, but concentration has remained low and will likely continue to stay low because of the extremely fragmented nature of the industry itself. Consolidation activity has increased, as larger companies have pursued merger and acquisition activity. For example, in late 2007, major company Ryder System acquired Ontario-based Pollock NationaLease, one of Canada's largest privately owned full-service truck leasing companies. And in 2014, major player Penske Corporation acquired Transfreight North America, which operated locations all throughout Canada and the United States... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Truck Rental Industry?

This industry primarily rents or leases trucks, truck tractors, utility trailers, semitrailers, recreational vehicles (RVs) and buses without drivers. Vehicle retailing activity is excluded from this industry. Companies that rent or lease industrial trucks and equipment, such as forklifts, are covered in the Industrial Equipment Rental and Leasing industry (IBISWorld report 53249CA).

Industry Products
Truck leases and rentalsTractor leases and rentalsTrailer leases and rentalsOther leases and rentals
 
Industry Activities
Renting trucks, truck tractors, buses, RVs, utility trailers and semitrailersLeasing trucks, truck tractors, buses, RVs, utility trailers and semitrailers


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